Group 1: Leadership Changes - Royal Greenland has appointed Toke Binzer as the new CEO, effective December 1, following the departure of Susanne Arfelt Rajamand in February [1] - Preben Sunke served as the interim CEO since Arfelt Rajamand's exit [1] - The chairman of the board, Niels Thomsen, expressed optimism about Binzer's leadership and experience [4] Group 2: Financial Performance - In the first half of 2025, Royal Greenland reported a revenue decline of 1.1% to DKr2.61 billion compared to the same period in 2024 [5] - The company achieved an EBIT profit of DKr27 million, recovering from an EBIT loss of DKr11 million in the previous year [5] - The EBIT margin improved to 1%, up from a negative 0.4% in the corresponding period [2] Group 3: Strategic Goals - Royal Greenland aims for an EBIT margin of 5% by 2027 and a pre-tax profit of DKr250 million ($39.3 million) [2] - The company is currently implementing a recovery program known as the 'back to black' turnaround strategy [1]
Royal Greenland appoints Toke Binzer as CEO
Yahoo Financeยท2025-09-15 10:01